Indian Prime Minister Narendra Modi promises to move his country in the direction of renewable energy in an aggressive approach. He wishes to be able to generate enough power from the new sources to power one light bulb in every house by 2019. Although this does not seem overly ambitious, it is a massive step for India’s emerging economy. “Growing economies like China and India, which are set to contribute more than half of the global increase in carbon emissions in the next 25 years, will play a critical role in any effort to address climate change” (news.nationalgeographic.com). For India, not only is this renewable incentive an opportunity to unleash a new financial market within their own country, it is the environmentally responsible thing to do with such a massive population that only continues to grow. With coal currently responsible for generating 59% of India’s electricity, the amount of coal burnt to supply energy to such a dynamic population would have a devastating effect on the ozone. The last budget passed in July will allot for additional funds to be channeled into the renewable energy market: “But in some respects, the budget's scale was modest: It allotted funding for large solar power projects in just 4 of India's 29 states. Bhushan of the Center for Science and Environment said this money might have been better spent setting up 20,000 mini-solar plants that together could provide electricity to 40 to 50 million households in rural India” (news.nationalgeographic.com). Many officials see this as more of a symbolic commitment to “going green” and that the industry requires a much larger investment if it is to develop as rapidly as Modi’s plans suggest. At least the country that possesses over 17% of the world’s population is taking steps in the right direction towards a brighter future and, hopefully, one day their developing renewables market will be open to foreign investment.